Home / Knowledge / News / Textiles / South Asian textile & garment industry on new path in 2014
South Asian textile & garment industry on new path in 2014
04
Jan '14
The countries of the Indian sub-continent—India, Pakistan, Bangladesh and Sri Lanka—are all embracing different paths for the development of their textile and apparel industry. While India is expected to focus on its domestic retail apparel market in 2014, Pakistan would try to get maximum benefit from its EU GSP Plus status. Bangladesh would like to move forward in attaining self-sufficiency in cotton production and improving safety and working conditions in garment factories. Sri Lanka would aim at increasing its share in China’s high-end apparel market.
 
The textile and apparel industry in India contributes about 12 percent to the country’s total manufacturing output. The 12th Five-Year Plan (2012-17) plans to create about 3 million direct jobs during the plan period in the country’s textile and clothing industry.
 
However, in 2014, the country is likely to focus on expanding domestic retail market. Menswear retail market size in the country is estimated to cross US$ 16 billion mark in 2014. Secondly, retailers would look forward to increase their online sales of apparel products, which are still mediocre, compared to other countries with equal Internet penetration.
 
In Pakistan, the textile and garment sector contributes over 50 percent to the country’s total export earnings and accounts for nearly 40 percent of all industrial jobs in the country. The onset of year 2014 has brought good news in the form of the implementation of the EU Generalised System of Preferences Plus (GSP+), which allows duty-free entry to most of the Pakistani textile and apparel products in the EU member states. However, restoration of normal energy supplies to the textile industry, especially in the Punjab province, is a pre-requisite for benefitting the most from the GSP+.
 
With about 5,000 manufacturing units that together employ about 4 million people, Bangladesh’s readymade garment industry accounts for nearly 80 percent of the country’s total export earnings. The year 2014 is expected to witness further improvements in working conditions in the country’s garment factories, under the supervision of various organizations, including the International Labour Organization (ILO).
 
But, to an extent, 2014 will decide how far Bangladesh would be able to increase its self-sufficiency in cotton production. Currently, the country’s cotton production meets only 2-3 percent of the domestic demand and the Bangladesh Cotton Development Board is investing in research with an aim to meet 50 percent of domestic demand by 2021.
 
In 2014, clothing manufacturers in Sri Lanka would aim at exploring and increasing their share in China’s high-end consumer market. The Sri Lankan garment industry has set a target to achieve US$ 5 billion in exports by 2016. In recent years, the Sri Lankan apparel industry has changed significantly from supplier of low-end clothing to manufacturer and exporter of high-end clothing items. The growing demand for high-end apparel in China provides a good market for Sri Lankan apparel.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search